Markets

What refers to buying and selling in larger quantities?

• Daily Market

• Weekly Market

• Malls

• Wholesale Markets

What are goods?

• Items made or grown

• Items found in the sea

• Work done for someone else

• Money received for an item

Who is a Customer?

• Someone who makes goods or services

• Someone who buys goods and services

• Someone who sells goods and services

A mall is a Market

• True

• False

If people are not demanding a product, what will the seller most likely do?

• Raise the price

• Lower the price

• Keep the price same

When would the price of a bicycle go up?

• When more bicycles are made than sold

• When people need more bicycles than available

• When many stores are selling bicycles

Goods and Services are important element of a Market.

• True

• False

Customers can make or break a business.

• True

• False

Which of the following statements is True?

• It is essential to have a Shop/Office to start a business.

• Promotion is not always in the form of a poster.

• Customers do not play an important role in a business